The American Empire in a Changing World


Tuesday, November 13, 2012

UK: ''50,000 zombie firms to fail if rates rise''

From City AM

''TENS of thousands of firms are set to go bust when interest rates rise, taking hundreds of thousands of jobs down with them, business troubleshooting group the Institute for Turnaround (IfT) has warned.

There are almost 150,000 zombie firms in the UK – businesses that are fundamentally broken, and only still alive because ultra-low interest rates are holding down their debt repayments.''

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